Demonetisation Effect

Former Reserve Bank of India governor Raghuram Rajan in his latest criticism seen to be directed at the centre has warned of the ill effects of "divisive, populist majoritarianism". The former RBI governor whose policy thinking differs from that of the government led by Prime Minister Narendra Modi - Mr Rajan is a big critic of demonetisation - has...

The Delhi government's mega job fairs have registered lesser numbers of participating companies and candidates being short-listed since 2017 due to the negative effect of demonetisation, Employment Minister Gopal Rai said on Tuesday.

The Income Tax Department has sent two crore SMSes to people who had not filed returns or those whose income did not match with their filings.

IMF spokesperson Gerry Rice said the International Monetary Fund continues to assess the impact of demonetisation on an ongoing basis.

The International Monetary Fund (IMF) reaffirmed on Wednesday that India will be the fastest growing major economy in 2018, with a growth rate of 7.4 per cent that rises to 7.8 per cent in 2019 with medium-term prospects remaining positive.

The US' bilateral trade deficit with four major countries, including India, narrowed in the first three quarters of 2017 as compared to the previous year, the US administration today said in a report according to which India's growth has slowed due to the effects of its structural economic reforms.

Kaushik Basu said that we often underestimate the effects of demonetisation and it caused a huge disruption in the informal sector, something that the official data doesn't capture

For jewelers in the world's second-largest gold market, business is yet to recover from the slump that followed India's decision to ban high-value currency notes a year ago.

Finance Minister Arun Jaitley today said the slowdown effect of demonetisation and GST roll-out on the Indian economy has played out and the country's growth is now headed towards being more balanced and sustainable.

Durga Puja in Kolkata this time was all about Laxmi or money or rather the lack of it. And the villain of the piece? Many say it was demonetization and Goods and Services Tax or GST. Budgets have been slashed as sponsors and advertisers didn't have money or were too busy meeting GST deadlines.

"At no point during my term was the RBI asked to make a decision on demonetisation," the former RBI governor said.

The US has commented on Prime Minister Narendra Modi's demonetisation move, saying that while one of the purposes cited by him was to counter terrorist activity funded by counterfeit currency, India has yet to implement laws effectively on criminal convictions or take steps to ensure companies are adhering to anti-money laundering rules.

During the demonetisation period, people had to face various problems in form of restrictions on withdrawal of currency notes and exchanging of old Rs 500 and Rs 1,000 notes that were withdrawn with immediate effect from midnight of November 8, 2016.

The effect of demonetisation is expected to slow GDP growth to 7.2 per cent in the January-March quarter of this year, Nomura said.

Thousands of powerloom workers were forced to return home after note ban as owners were unable to pay salaries due to cash crunch.

Former Reserve Bank of India governor Raghuram Rajan in his latest criticism seen to be directed at the centre has warned of the ill effects of "divisive, populist majoritarianism". The former RBI governor whose policy thinking differs from that of the government led by Prime Minister Narendra Modi - Mr Rajan is a big critic of demonetisation - has...

The Delhi government's mega job fairs have registered lesser numbers of participating companies and candidates being short-listed since 2017 due to the negative effect of demonetisation, Employment Minister Gopal Rai said on Tuesday.

The Income Tax Department has sent two crore SMSes to people who had not filed returns or those whose income did not match with their filings.

IMF spokesperson Gerry Rice said the International Monetary Fund continues to assess the impact of demonetisation on an ongoing basis.

The International Monetary Fund (IMF) reaffirmed on Wednesday that India will be the fastest growing major economy in 2018, with a growth rate of 7.4 per cent that rises to 7.8 per cent in 2019 with medium-term prospects remaining positive.

The US' bilateral trade deficit with four major countries, including India, narrowed in the first three quarters of 2017 as compared to the previous year, the US administration today said in a report according to which India's growth has slowed due to the effects of its structural economic reforms.

Kaushik Basu said that we often underestimate the effects of demonetisation and it caused a huge disruption in the informal sector, something that the official data doesn't capture

For jewelers in the world's second-largest gold market, business is yet to recover from the slump that followed India's decision to ban high-value currency notes a year ago.

Finance Minister Arun Jaitley today said the slowdown effect of demonetisation and GST roll-out on the Indian economy has played out and the country's growth is now headed towards being more balanced and sustainable.

Durga Puja in Kolkata this time was all about Laxmi or money or rather the lack of it. And the villain of the piece? Many say it was demonetization and Goods and Services Tax or GST. Budgets have been slashed as sponsors and advertisers didn't have money or were too busy meeting GST deadlines.

"At no point during my term was the RBI asked to make a decision on demonetisation," the former RBI governor said.

The US has commented on Prime Minister Narendra Modi's demonetisation move, saying that while one of the purposes cited by him was to counter terrorist activity funded by counterfeit currency, India has yet to implement laws effectively on criminal convictions or take steps to ensure companies are adhering to anti-money laundering rules.

During the demonetisation period, people had to face various problems in form of restrictions on withdrawal of currency notes and exchanging of old Rs 500 and Rs 1,000 notes that were withdrawn with immediate effect from midnight of November 8, 2016.

The effect of demonetisation is expected to slow GDP growth to 7.2 per cent in the January-March quarter of this year, Nomura said.

Thousands of powerloom workers were forced to return home after note ban as owners were unable to pay salaries due to cash crunch.